Senior Underwriter (Life Insurance)

Senior Casualty Treaty Underwriter We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products. The underwriter is responsible for risk analysis and assessment, coverage evaluation, pricing, and assisting in contract negotiations in order to maintain and develop a profitable portfolio of Casualty assumed reinsurance business. This role is responsible for risk analysis and assessment, coverage evaluation, pricing, and contract negotiations in order to maintain and develop a profitable portfolio of Casualty assumed reinsurance business.

• Strong understanding of all main Commercial and Personal Casualty lines, such as AL, GL, and Umbrella, as well as good understanding of niche products such as EIL, Life Science, Recall etc.
• Strong understanding of various reinsurance structures and their impact on profitability and volatility estimates.
• Cooperates with management and senior executives when dealing with complex issues, larger clients, accounts, projects, analyses, or internal relationships.
• Underwrite new and renewal treaty business in accordance with delegated underwriting authority, including all tasks associated with risk and coverage analysis and pricing, monitoring of account results, and provide recommendations for proposed terms and conditions, both independently and in close cooperation with management. Negotiate contract terms and wording with clients and brokers.
• Complete underwriting audits of clients and prospects in order to provide credible evaluations of the quality of their books of business. Have close contact and dialogue with Casualty brokers and/or insurance companies.
• Lead projects related to the development and implementation of underwriting processes and strategies for Casualty lines. Develop proficiency in the use of Munich Re pricing models and other risk evaluation tools; including enhancing technical product and underwriting expertise with respect to both the primary and re-insurance market and products.
• 15+ years of primary insurance and/or reinsurance company experience;
• including actuarial concepts, industry trends, accounting and legal a plus.
• Experience in primary and/or reinsurance General Liability, Umbrella, Auto, Excess Liability, Professional Liability, or Other specialty underwriting a plus.
• Ability to think creatively and show flexibility handling multiple projects;
• Excellent computer skills; Willingness to travel for audits and client and broker visits (approx. BS / BA required, advanced degree such as MS/MBA or other quantitative field a plus

The salary range posted below applies to the Company’s Princeton location. The base salary range anticipated for this position is $237,100 - $347,700 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A retirement savings plan that is 100% company funded.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• Tuition assistance and educational achievement bonuses.
• Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We recruit and develop talent with a focus on providing our customers the most innovative products and services. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.